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Global Portable X-ray Devices Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Devices Type, Technology, Application & Region – Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 574
Pages: 175
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Global Portable X-ray Devices Market Size (2022 to 2027)

As per our research report, the size of the global portable x-ray devices market is expected to be worth USD 12.25 billion by 2027 from USD 6.2 billion in 2022, growing at a rate of 14.6% during the forecast period.

A few of the key findings from the report:

  • Based on the device type, the handheld devices segment led the market in 2021.
  • The market in North America was valued at USD 1.85 billion in 2021.
  • The EU market is expected to be worth USD 3.55 billion by 2027.
  • The Asia-Pacific market is estimated to grow at a CAGR of 16.68% from 2022 to 2027.

A portable x-ray device is a wireless digital X-ray imaging device for mobile health professionals, including doctors and first-aid workers in the field, at home, and in nursing homes, as well as medically focused support groups, ships, and offshore platforms. X-ray is a kind of ionizing electromagnetic radiation used in various industries. Doctors and medical practitioners will find portable X-ray devices beneficial since they may be used without a large setup. Instead, these devices may be folded up and transported in a small package, and they can be connected to a computer at the X-Ray lab to view images on display.

MARKET DRIVERS:

The rising number of patients with chronic diseases and increasing awareness among people regarding these products are accelerating the global portable x-ray devices market growth.

An increase in the aging population and the growing number of accidents also contribute to market growth. Furthermore, good image quality, the fast development of image rates, and significantly fewer radiation risks are further fuelling the growth rate of the global portable x-ray devices market. Other factors are rising disposable income, lifestyle changes, and increasing orthopedic and cancer disease occurrences. In addition, developing cost-effective devices provides opportunities for players in the portable x-ray devices market.

Some other major driving factors of the portable X-ray device market include advancements in medical and healthcare services and the rise in digital x-ray systems' popularity. Due to the increase in osteopathy and the improvements coupled with the growth of sports incidences injuries by immediate necessaries, the global portable x-ray devices market is expected to grow significantly during the forecast period. Moreover, increased demand for the former and the advancement of technology in digital therapeutics and radiography also play a crucial role in market growth.

The advantages of these devices and technological advancements further fuel the portable x-ray devices market growth.

Digital portable x-rays are more accessible to perform than traditional analog x-rays. They are also relatively safer as they emit less radiation and give efficient results. The recent developments in digital and mobile portable x-rays support the key market players investment in the market. For example, in September this year, the Optima XR240amx mobile DR system from GE Healthcare was approved by the U.S. Food and Drug Administration (FDA) to use a new set of artificial intelligence (AI) algorithms. A chest X-ray is the most frequent radiographic technique, which makes up around 45 percent of all exam volumes. 

MARKET RESTRAINTS:

On the other hand, an increase in interest rates and ongoing ethical and privacy concerns the data transfer are significant restraints for the portable X-ray devices market. In addition, high costs in manufacturing and clinical trials of digital devices and insufficient imaging infrastructure in developing countries restrain the global portable x-ray devices market growth. Furthermore, low awareness about the advantages of portable devices is also expected to hold the market back. 

Impact OF COVID-19 on the global portable x-ray devices market:

The COVID-19 pandemic outbreak affected every market. After the WHO (World Health Organization) official announcement, every market observed modifications due to the COVID-19 pandemic, such as the market dynamics, trends, and observed requirements. The COVID-19 pandemic outbreak affected the inclusion of current and future impacts on overall industry growth. Due to the rise in crisis, changes in requirements and trends are changing the economy's landscape. The primary wish of every market is to get a vaccine for COVID-19 as soon as possible. Therefore, while portable x-rays can be used to check the condition of a patient's lungs, other x-ray procedures like dental, abdominal, mammographies, etc., were temporarily stopped causing a loss to the market. Overall, the pandemic had a mixed impact on the portable x-ray devices market. 

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Devices Type, Technology, Application, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis; DROC; PESTLE Analysis; Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Carestream Health, Hitachi Medical Corporation, Siemens Healthcare, Philips Healthcare, Virtual Imaging, GE Healthcare, Fujifilm holdings corporation, Shimadzu Corporation, and Toshiba Corporation.

 

This research report on the global portable x-ray device market has been segmented based on technology, applications, and type of devices.

Portable X-ray Device Market - By Devices Type:

  • Hand-Held Devices
  • Mobile Devices

Based on the device type, the handheld devices segment is anticipated to hold the most significant market share during the forecast period. This is because handheld devices allow the examiner to stay in the same room as the patient helping the patients relax. In addition, the devices also allow flexibility and are portable, allowing easy diagnosis. Therefore, the advantages of the segment lead to its dominance in the market. 

However, mobile devices are new-gen and are receiving interest in recent times. For instance, mobile x-rays can be moved within confined spaces, like between hospital beds, and therefore are helpful for patients in critical conditions who cannot be moved to a radiology unit. 

Portable X-ray Device Market - By Technology:

  • Analog X-Ray Devices
  • Digital X-Ray Devices

The digital x-ray devices market held the highest share in the global portable x-ray devices market based on technology in 2021. It is due to the ease of use and accuracy of these digital diagnostic devices. The new advances in digital processes like mobile x-rays are also helping the segment's dominance. 

The analog segment is behind the digital segment due to the difficulty of applications associated with analog processes. However, digital technology is the new gen and is more efficient and faster than analog systems. 

Portable X-ray Device Market - By Application:

  • Dental X-Ray
  • Mammography
  • Chest X-Ray
  • Abdomen X-Ray

Based on the application, the dental x-ray segment dominated the market in 2021 owing to increasing dental problems and the rising geriatric population. Other significant factors favoring the dental x-ray segment are increased dental problems and the aging population. Additionally, dental clinics are often shifting; therefore, portable x-ray devices make it easier for clinics to shift from one place to another. 

However, chest x-rays and mammography are also some of the most common use of portable x-ray devices. Chest x-rays are performed to check for broken bones and, in the case of pneumonia, to detect blockage to the chest, and mammography is a breast check-up to detect any abnormality in the breast. With the increasing number of breast cancer cases worldwide, these segments are expected to grow during the forecast period. 

Portable X-ray Device Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Geographically, North America accounts for the largest share globally due to an increase in the aged population and technological competitiveness. Therefore, it is expected to continue its dominance over the forecast period. Furthermore, the North American region accounts for the largest share due to contributing factors such as increasing old citizens like the aged population, advanced technology, and estimating that this growth share will continue during the further forecast period.

The Asia-pacific region is estimated to achieve the highest growth in the coming years due to increased population and strong government support for healthcare industries.

Moreover, the third revenue regional share contributed by the European region in 2021 is anticipated to grow at a compound annual growth rate of 14.2% over the forecast period. The factors include a growing senior population, a rise in accidents, and increasing knowledge about people's devices, boosting the market growth. In addition, factors such as the growing aging population, rising awareness, and the rapid rise of numerous accidents are promoting the portable x-ray devices market in the European region. However, on the other hand, the high costs associated with these devices, strict FDA rules, and shortage of medical lab technicians are the factors that restrain the market growth.

KEY MARKET PLAYERS:

Some of the major market participants profiled in this global portable x-ray devices market report are Carestream Health, Hitachi Medical Corporation, Siemens Healthcare, Philips Healthcare, Virtual Imaging, GE Healthcare, Fujifilm Holdings Shimadzu Corporation, and Toshiba Corporation.

RECENT MARKET HAPPENINGS:

  • In October 2022, having 42 reported 510(k) certifications in the United States, GE Healthcare has the most authorizations on a recently updated FDA list of medical devices with artificial intelligence (AI) capabilities. Edison Health Services is a part of GE Healthcare's cutting-edge AI approach. With the aid of GE Healthcare's software, Edison Health Services, clinical applications that allow integrated care pathway management and comprehensive views of each patient may be made possible.
  • In October 2022, Samsung's new glass-free detector for X-ray use received FDA approval. According to reports, the AccE Glass-Free Detector combines high-resolution capabilities with several advantages, such as better functioning, increased visibility, and lightweight construction. The 4.5-lb AccE Glass-Free Detector, according to Samsung, weighs 27% less than traditional X-ray detectors and has a detective quantum efficiency of 76%. (DQE).
  • In July 2022, the FDR Cross is a portable device that combines digital radiography and fluoroscopic capabilities on one platform developed by Fujifilm Healthcare Americas Corporation. The new FDR Cross system from Fujifilm combines digital radiography and fluoroscopy. The FDR Cross, intended for use in hospitals and ambulatory surgical facilities, might increase productivity and efficiency for image-guided surgeries. The FDR Cross system has a special hybrid c-arm that lets doctors get fluoroscopic imaging and radiographs from one device, reducing the need for extra equipment for image-guided treatments.
  • In January 2020, Hamilton Health Sciences acquired Siemens Healthineers. Siemens will provide innovative services that will manage most medical imaging equipment and help the hospital drive by improving patients' quality of care.
  • In July 2019, FujiFilm Medical Systems U.S.A announced the Tomosynthesis Biopsy option for the ASPIRE Cristalle mammography system. This system calculates the 3D coordinates of the suspicious lesion in the breast. In addition, it has recently expanded its imaging solutions in the breast category.
  • In January 2019, Shimadzu Medical Systems USA, a Shimadzu Corporation subsidiary, expanded its Healthcare Business in North America. In addition, this company has acquired CORE medical imaging, which will strengthen its position in the market.

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FAQ's

How big is the global portable x-ray devices market?

The global portable x-ray devices market size was worth USD 5.41 billion in 2021.

Which region held the leading share in the global portable x-ray devices market in 2021?

North America dominated the portable x-ray devices market in 2021.

Which region is anticipated to grow the fastest in the global portable x-ray devices market?

Asia-Pacific region is estimated to grow at the highest CAGR in the global portable x-ray devices market during the forecast period.

Who are some of the notable players in the portable x-ray devices market?

Carestream Health, Hitachi Medical Corporation, Siemens Healthcare, Philips Healthcare, Virtual Imaging, GE Healthcare, and Fujifilm Holdings Shimadzu Corporation, and Toshiba Corporation are a few of the promising companies in the portable x-ray devices market.

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